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Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows: 10 pizzas at $12

Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows:

10 pizzas at $12 each

Rent of apartment, $750 per month

Gasoline, car insurance, and maintenance, $150

Phone service (basic service plus 10 long-distance calls), $50

In the year following the base year, the survey takers determine that pizzas have risen to $15 each, apartment rent is $810, gasoline, car insurance, and maintenance have risen to $170, and phone service has dropped in price to $40.

a)Find the CPI in the subsequent year and the rate of inflation between the base year and the subsequent year.

Instructions: Round your CPI answer to 3 decimal places and Rate of inflation to 1 decimal place.

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